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Questions and Answers
What is the formula for computing simple interest?
What is the formula for computing simple interest?
Who is a lender or creditor?
Who is a lender or creditor?
What does the term 'maturity value' refer to in a loan context?
What does the term 'maturity value' refer to in a loan context?
In compound interest, what does 'interest is computed on the accumulated past interest' mean?
In compound interest, what does 'interest is computed on the accumulated past interest' mean?
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What does the formula F = P(1 + in) represent?
What does the formula F = P(1 + in) represent?
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What does 'revised by Department Chair' signify in the provided text?
What does 'revised by Department Chair' signify in the provided text?
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In ordinary simple interest, how many days are considered in a banker's year?
In ordinary simple interest, how many days are considered in a banker's year?
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How many days are considered in exact simple interest for an ordinary year?
How many days are considered in exact simple interest for an ordinary year?
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Which of the following is NOT a characteristic of leap years according to the text?
Which of the following is NOT a characteristic of leap years according to the text?
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If the number of days in an interest period is 68, the formula to calculate the ordinary simple interest would be:
If the number of days in an interest period is 68, the formula to calculate the ordinary simple interest would be:
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If the interest period has 50 days in a leap year, how much would be the exact simple interest using a principal amount P and interest rate I?
If the interest period has 50 days in a leap year, how much would be the exact simple interest using a principal amount P and interest rate I?
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What is the nominal rate of interest for an account that compounds quarterly if the quoted rate is 12%?
What is the nominal rate of interest for an account that compounds quarterly if the quoted rate is 12%?
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What is the total number of days from July 12 to September 12?
What is the total number of days from July 12 to September 12?
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If a sum of ₱5,000 is deposited at a nominal rate of interest of 6% compounded semi-annually, what will it become after 2 years?
If a sum of ₱5,000 is deposited at a nominal rate of interest of 6% compounded semi-annually, what will it become after 2 years?
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In the compound interest formula 𝑃 = 𝐹 / (1 + 𝑖)^𝑡, what does 𝑃 represent?
In the compound interest formula 𝑃 = 𝐹 / (1 + 𝑖)^𝑡, what does 𝑃 represent?
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If an amount grows to ₱15,000 after 5 years at an interest rate of 8% compounded annually, what was the initial principal amount?
If an amount grows to ₱15,000 after 5 years at an interest rate of 8% compounded annually, what was the initial principal amount?
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For an account compounding quarterly at a nominal rate of 6%, what is the interest rate per period?
For an account compounding quarterly at a nominal rate of 6%, what is the interest rate per period?
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If an investment triples in value after 12 years at an annual interest rate of 10%, what was the effective annual rate of compound interest?
If an investment triples in value after 12 years at an annual interest rate of 10%, what was the effective annual rate of compound interest?
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What is a potential drawback of obtaining capital through long-term loans?
What is a potential drawback of obtaining capital through long-term loans?
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What factor can lead to the end of a partnership according to the text?
What factor can lead to the end of a partnership according to the text?
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What usually happens when partners have almost equal shares in a business according to the text?
What usually happens when partners have almost equal shares in a business according to the text?
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In case of bankruptcy, who is liable for all the liabilities of the enterprise?
In case of bankruptcy, who is liable for all the liabilities of the enterprise?
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What is a key provision mentioned in a partnership contract document?
What is a key provision mentioned in a partnership contract document?
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What does the accounting period provision in a partnership contract refer to?
What does the accounting period provision in a partnership contract refer to?
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What does working capital refer to?
What does working capital refer to?
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Which type of working capital is needed at the beginning of operations?
Which type of working capital is needed at the beginning of operations?
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What is the main advantage of a sole proprietorship?
What is the main advantage of a sole proprietorship?
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Who bears all the losses in a sole proprietorship?
Who bears all the losses in a sole proprietorship?
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Which type of working capital is usually smaller, initial or regular?
Which type of working capital is usually smaller, initial or regular?
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What is the simplest form of business organization according to the text?
What is the simplest form of business organization according to the text?
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